Can I “re-consolidate” my current consolidation loans?

It depends on a couple of factors. The general rule is that you cannot re-consolidate most consolidation loans on their own. The one exception is for loans that were consolidated under the federal Direct Loan Consolidation program, which can be re-consolidated. For all other federal loans, you must have a new loan to add to an existing consolidation loan to re-consolidate. Of course, there are many exceptions and restrictions, so check with your lender for more information.

Tagged: Direct Loan Program, Student Loan Consolidation